If ₹550 is borrowed at 16% per annum for 3.5 years, find the simple interest (in ₹).

Subject: Mathematics | Topic: Arithmetic | Difficulty: MEDIUM

Options

1. (A) 358
2. (B) 408
3. (C) 288
4. (D) 308

Verified Answer

Option (D): 308

Practice complete mock tests for SSC, Banking & Railway exams at https://testx.in/questions/01a0bf8d-6da6-7f85-aed9-8a088eb78625/if-550-is-borrowed-at-16